Above Asking: Rising Rates Haven't Dampened Demand in Upper NW DC

  • May 9th 2022

by UrbanTurf Staff

In this week's Above Asking, we take a look at the final sales prices for two homes in northwest DC that proved there is still a lot of competition out there despite rising interest rates

A $140,000 Premium for a Cleveland Park Tudor

This semi-detached listing in Cleveland Park received multiple offers and ultimately sold for $140,000 above the original listing price. The living room has a white-painted brick fireplace, and built-in shelving units flank the archway into the dining room. The top floor offers a carpeted family room/office and leads out to a "sky porch" with cove-style glass canopy. The lower level has a separate entrance and offers a rec room, bedroom, full bath, kitchenette and office area. An L-shaped deck off the kitchen sits above a flagstone patio and steps run along the backyard to a one-car garage and parking pad.

  • Full Listing: 3193 Porter Street NW (map)
  • Asking Price: $1,795,000
  • Sales Price: $1,935,000
  • Bedrooms: Five
  • Bathrooms: 3.5
  • Square Feet: 3,222
  • Year Built: 1928
  • Listing Agents: Anne Weir, Andrea Hatfield, Washington Fine Properties

Photo courtesy of HomeVisit.

$350,000 Over Asking in Chevy Chase

The competition was likely high for this five-bedroom home in Chevy Chase, which ultimately sold for $350,000 above the original asking price. A white picket fence and a covered front porch lead in to a living room with a gas fireplace between windows above built-in shelving units. The kitchen has a marble-topped breakfast bar island with matching countertops and matching backsplash between the stainless steel hood and the stove. The adjacent family room also has a gas fireplace, and in between, a door leads out to the deck. The lower level has a step down rec room, ample flex space, a wine cellar, and walks out to a covered patio and parking pad; there is also an interior garage/storage room.

  • Full Listing: 5717 32nd Street NW (map)
  • Asking Price: $1,895,000
  • Sales Price: $2,248,000
  • Bedrooms: Five
  • Bathrooms: 4.5
  • Square Feet: 3,308
  • Year Built: 1927
  • Listing Agent: Dan Hynes, Compass

See other articles related to: above asking, chevy chase dc, cleveland park

This article originally published at https://dc.urbanturf.com/articles/blog/above-asking-rising-rates-havent-dampened-demand-in-upper-nw-dc/19623.

DC Real Estate Guides

Short guides to navigating the DC-area real estate market

We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!